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Summary Of Wealth Management Executive Moves - July 2016

, 10 August 2016


July proved to be a busy month for moves in regions such as Asia, with a number of big-brand banks seeing senior figures arrive and move on.

Citisoft appointed Paul Migliore and Thomas Secaur as global chief executive and global chief operating officer respectively. Migliore has served as CEO of Citisoft’s US practice since 2007. Before Citisoft, he was a partner at IBM Global Business Services and PricewaterhouseCoopers. Secaur has been COO of US-based Citisoft, Inc since 2002, when the firm merged with The Rowan Group. Previously, he worked at Thomson Financial (now SS&C Technologies) as director of implementations for its PORTIA division. The pair will continue to be based in Boston while Citisoft managing partner, Steve Young, will continue to be responsible for Citisoft PLC, the firm’s London-based consultancy. Young will work with Migliore and Secaur to oversee the global firm’s European and Asia-Pacific businesses.

Fieldpoint Private, headquartered in Greenwich, Connecticut, appointed Christopher DeLaura as managing director and senior advisor. DeLaura joined the firm's New York office from Westport Resources, where he advised on around $200 million in client assets on behalf of more than 20 families, and held various management roles including chief operating officer. Previously, he spent 11 years with UBS Financial Services in roles including financial advisor and director of the firm's emerging affluent program.

DeLaura advises families across all aspects of wealth management, including cashflow, asset allocation, multi-generation family governance, insurance, credit, charitable planning and business planning. He will also serve as Fieldpoint Private's chief administrative officer, wealth advisory, with operations responsibility for the firm's broker-dealer and registered investment advisor units.

American National Bank and Trust Company appointed Ramsey Hamadi as executive vice president. Hamadi was most recently CFO at NewBridge Bank and previously for Pulaski Bank. His expertise ranges from cost management, business development and accretive acquisitions to financial modeling and capital planning. Based in Danville, Virginia, Hamadi will lead the bank's major strategic initiatives.

Banc of California appointed Cynthia Abercrombie to its board of directors. Abercrombie, who retired from the bank in March 2016, most recently served as its deputy chief risk officer. Previously, she held various senior leadership roles at Deloitte, Touche Banking Services Group and several community banks. In addition, she has worked for the Office of Thrift Supervision, the Office of the Comptroller of Currency and the Justice Department leading forensic analysis teams.

City National Bank brought in Nichole Walker as a senior wealth planner, based in San Francisco and serving clients in the Bay Area. Walker was previously a financial advisor at Morgan Stanley Wealth Management, where she also served as a team member for the firm’s institutional consulting division, Graystone Consulting. Previously, she practiced law for 15 years, serving as general counsel for technology and media companies, and as special advisor for a hedge fund.

Diversified Trust named Jeff Howard as chief operating officer at its Atlanta, GA, office, following the recent promotion of Mark Bell to managing principal of the branch. Before joining Diversified Trust, Bell was chief investment officer at BlueArc Capital Management, an alternative asset manager focused on family offices, where he remains a director. He started his career at McKinsey & Co and subsequently was director of strategy at D E Shaw & Co, where he helped develop the organization's private equity investment strategy and launched the firm's reinsurance business.

Atlanta, GA-based GV Financial Advisors, which describes itself as a behavioral wealth management firm, welcomed Jason Eagle as a financial advisor. Eagle joined the firm from Mercer Advisors, where he spent seven years working with high net worth clients.

The investment research house Altegris appointed Martin Beaulieu as executive chairman, responsible for the day-to-day management of the company. Jack Rivkin will continue to serve as chief executive and chief investment strategist, but with a stronger focus on the markets, product development and identifying investment themes. Beaulieu joined Altegris as a member of the board in March 2016. His prior roles have included vice chairman of MFS Investment Management, CEO of MFS/McLean Budden, and, most recently, head of retail iShares US at BlackRock.

Matthew King joined Wilmington Trust team as a private banker in North Palm Beach, serving the Florida and Atlanta markets. King will provide lending, cash management and deposit services to wealthy clients through M&T Bank, Wilmington's parent company. He joined from Northern Trust, where he was a private banker. Before that, he was a private banking relationship manager at Wachovia Wealth Management.

Janney Montgomery Scott promoted Anne Lurton to senior vice president and complex manager of the firm’s Washington, DC, complex, which also includes an office in Alexandria, VA. Lurton replaced Jeff Smith who was recently promoted, as reported here, to head of recruiting and business development for Janney’s private client group at its headquarters in Philadelphia, PA. Lurton was previously assistant complex manager for the Washington, DC, complex, which is home to 22 financial advisors, overseeing $1.9 billion in client assets.

Former Morgan Stanley Wealth Management MD Jason Moore joined Brinker Capital as chief administrative officer – a new role at the firm. Moore will work with the investment team and the sales and distribution teams, reporting jointly to Noreen Beaman and Chuck Widger, chief executive, and founder and executive chairman, respectively.

Four attorneys and additional staff from the Los Angeles, CA-based family law firm, Phillips Lerner,  joined Blank Rome. The team will become part of the law firm's matrimonial and family law group, taking its US practice to nearly 30 attorneys. Stacy Phillips and Kevin Martin will join as partners, while Marc Lerner and Pauline Martin join as of counsel.

HighTower merged with J M Egan Wealth Advisors, an RIA with offices in Sea Girt and Madison, NJ, and New York City. The team manages around $300 million under the leadership of John Egan, managing director. Moving forward, the team will be known as The Egan Group at HighTower, and will move its New York City office into HighTower's New York headquarters. The Madison and Sea Girt offices will continue to operate in their current locations. The Egan Group at HighTower also includes Nicholas Minton, client service associate; Jennifer Glogolich, client service manager; and Melinda Glogolich, assistant. The team provides tax, estate and legacy planning, and other financial services, with a speciality in medical, legal and telecommunications clients, as well as closely-held family businesses.

California-headquartered Corient Capital Partners took on Robby Saggu as a managing director from Goldman Sachs, where he was a private wealth advisor in San Francisco and Los Angeles. In his new role at Corient Capital, Saggu will serve high net worth entrepreneurs, private investors, families and foundations.Atlanta, GA-based Triad Advisors, which supports hybrid advisors, has appointed Hugh Tarbutton as a senior vice president of business development, focused initially on recruiting.

Farmington, CT-based Connecticut Wealth Management welcomed Martha Hardison as a financial planner. Hardison was previously a financial center manager at Bank of America in West Hartford, CT, and held a management role at TD Bank in Plantsville, CT.


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